Dividends & Buybacks ·
First REIT approves liquidation plan, declares $3.20 initial distribution with total payout estimated at up to $30.03 per share
FREVSFirst Real Estate Investment Trust of New Jersey, Inc.
First Real Estate Investment Trust of New Jersey, Inc. stockholders approved its Plan of Voluntary Liquidation at a special meeting held on September 29, 2026, with approximately 68.0% of outstanding shares voting in favor. Following this approval, the Board declared an initial liquidating distribution of $3.20 per share to be paid on October 29, 2026, to holders of record as of October 14, 2026. The company estimates total aggregate liquidating distributions between $24.44 and $30.03 per share, inclusive of the initial payment. This filing marks a significant step in the orderly disposition of assets and return of capital to shareholders. First Real Estate Investment Trust of New Jersey, Inc. is a real estate investment trust that owns and operates residential and commercial properties primarily in northern New Jersey.